Is New Found Stock a Good Investment?
New Found Investment Advice | NFGC |
- Examine New Found's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research New Found's leadership team and their track record. Good management can help New Found navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact New Found's business and its evolving consumer preferences.
- Compare New Found's performance and market position to its competitors. Analyze how New Found is positioned in terms of product offerings, innovation, and market share.
- Check if New Found pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about New Found's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in New Found Gold stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if New Found Gold is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Unstable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine New Found Stock
Researching New Found's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 44.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.21. New Found Gold had not issued any dividends in recent years.
To determine if New Found is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding New Found's research are outlined below:
| New Found Gold generated a negative expected return over the last 90 days | |
| New Found Gold may become a speculative penny stock | |
| New Found Gold has high historical volatility and very poor performance | |
| New Found Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (79.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Found Gold currently holds about 80.73 M in cash with (99.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48. | |
| New Found Gold has a frail financial position based on the latest SEC disclosures | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: New Found Gold Reaches New 12-Month Low - Whats Next - MarketBeat |
New Found Quarterly Cost Of Revenue |
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New Found uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in New Found Gold. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to New Found's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 4th of April 2024 Upcoming Quarterly Report | View | |
| 10th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact New Found's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises New Found's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-03-21 | 2023-12-31 | -0.09 | -0.1 | -0.01 | 11 | ||
2024-08-09 | 2024-06-30 | -0.09 | -0.07 | 0.02 | 22 | ||
2024-05-09 | 2024-03-31 | -0.09 | -0.07 | 0.02 | 22 | ||
2023-11-13 | 2023-09-30 | -0.1 | -0.13 | -0.03 | 30 | ||
2023-08-14 | 2023-06-30 | -0.1114 | -0.0674 | 0.044 | 39 | ||
2022-11-10 | 2022-09-30 | -0.01 | -0.11 | -0.1 | 1000 | ||
2022-08-15 | 2022-06-30 | -0.01 | -0.15 | -0.14 | 1400 |
New Found's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 326.21 M.Market Cap |
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New Found's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.94) | (0.99) | |
| Return On Capital Employed | (1.58) | (1.66) | |
| Return On Assets | (0.94) | (0.99) | |
| Return On Equity | (1.22) | (1.28) |
Determining New Found's profitability involves analyzing its financial statements and using various financial metrics to determine if New Found is a good buy. For example, gross profit margin measures New Found's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of New Found's profitability and make more informed investment decisions.
Please note, the presentation of New Found's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, New Found's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of New Found's management manipulating its earnings.
Evaluate New Found's management efficiency
New Found Gold has return on total asset (ROA) of (0.6586) % which means that it has lost $0.6586 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.0968) %, meaning that it created substantial loss on money invested by shareholders. New Found's management efficiency ratios could be used to measure how well New Found manages its routine affairs as well as how well it operates its assets and liabilities. As of November 26, 2024, Return On Tangible Assets is expected to decline to -0.99. In addition to that, Return On Capital Employed is expected to decline to -1.66. At present, New Found's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 5.1 M, whereas Total Current Assets are forecasted to decline to about 59 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.37 | 0.34 | |
| Tangible Book Value Per Share | 0.37 | 0.34 | |
| Enterprise Value Over EBITDA | (7.64) | (8.02) | |
| Price Book Value Ratio | 12.72 | 20.82 | |
| Enterprise Value Multiple | (7.64) | (8.02) | |
| Price Fair Value | 12.72 | 20.82 | |
| Enterprise Value | 744.6 M | 423.4 M |
At New Found Gold, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Beta 0.541 |
Basic technical analysis of New Stock
As of the 26th of November, New Found secures the Risk Adjusted Performance of (0.16), standard deviation of 3.72, and Mean Deviation of 2.87. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Found Gold, as well as the relationship between them.New Found's Outstanding Corporate Bonds
New Found issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. New Found Gold uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most New bonds can be classified according to their maturity, which is the date when New Found Gold has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand New Found's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing New Found's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.16) | |||
| Market Risk Adjusted Performance | 4.8 | |||
| Mean Deviation | 2.87 | |||
| Coefficient Of Variation | (461.14) | |||
| Standard Deviation | 3.72 | |||
| Variance | 13.88 | |||
| Information Ratio | (0.25) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 4.79 | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 4.98 | |||
| Skewness | 0.852 | |||
| Kurtosis | 1.37 |
| Risk Adjusted Performance | (0.16) | |||
| Market Risk Adjusted Performance | 4.8 | |||
| Mean Deviation | 2.87 | |||
| Coefficient Of Variation | (461.14) | |||
| Standard Deviation | 3.72 | |||
| Variance | 13.88 | |||
| Information Ratio | (0.25) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 4.79 | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 4.98 | |||
| Skewness | 0.852 | |||
| Kurtosis | 1.37 |
Consider New Found's intraday indicators
New Found intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of New Found stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 33038.64 | |||
| Daily Balance Of Power | 0.125 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.61 | |||
| Day Typical Price | 1.62 | |||
| Price Action Indicator | 0.045 | |||
| Period Momentum Indicator | 0.01 |
New Stock media impact
Far too much social signal, news, headlines, and media speculation about New Found that are available to investors today. That information is available publicly through New media outlets and privately through word of mouth or via New internal channels. However, regardless of the origin, that massive amount of New data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of New Found news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of New Found relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to New Found's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive New Found alpha.
New Found Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards New Found can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
New Found Corporate Management
| Ronald Hampton | Chief Officer | Profile | |
| Kenneth Bsc | Geologist | Profile | |
| Janet Francis | Corporate Secretary | Profile | |
| Melissa PGeo | Vice Exploration | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Found. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share (0.21) | Return On Assets (0.66) | Return On Equity (1.10) |
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Found's market value can be influenced by many factors that don't directly affect New Found's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between New Found's value and its price, as these two are different measures arrived at by various means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.